Senior Manager: Fixed Asset Management - (180)
The University of Mpumalanga (UMP) is a comprehensive University established to provide a relevant, engaged and sustainable learning and teaching environment of outstanding academic excellence to match not only the skills and economic needs of the Province and its people, but of the Country as a whole. The UMP invites applications for the following position.
Job Title: Senior Manager: Fixed Asset Management
Organisational Unit: University of Mpumalanga -> Finance -> Revenue & Expenditure -> Asset Management
Job Primary Purpose: The purpose of this post is to ensure that the University’s assets are managed effectively and appropriately.
Key Performance Areas:
- Developing standard operating procedures for the fixed assets division in line with requirements of IFRS and VAT Legislation.
- Review of Fixed Asset Register (FAR) to ensure completeness and accuracy.
- Planning periodic activities such as the physical verification of assets.
- Managing the capital expenditure budget for Infrastructure Projects and any other capex.
- Ensuring the New Infrastructure Projects (NIP) budget is captured accurately and in line with the General Ledger.
- Ensuring timeous capitalization and disposal of assets.
- Analysis of profit/loss on sale or decommissioning of assets.
- Review of asset journals and reconciliations.
- Attending to external and internal audit queries.
- Attending to any queries with NIP and Operations.
- Annual evaluation of useful lives and residual values of assets.
- Managing staff within the Asset Division.
- Compiling the relevant reports on assets.
- Monthly reconciliation of Fixed Asset Register and General Ledger.
Minimum Requirements:
- M+4, Postgraduate Qualification in Commerce or equivalent.
- 7 years’ experience in Asset Management.
- Working knowledge of IAS 16 and IAS 20.
- Experience in Asset Management in Higher Education would be an added advantage.
- IFRS knowledge.
- Effective communication in written and verbal form.
- Time management.
Personal Attributes:
- People orientated, hard worker, responsible, reliable, creative and innovative.
- Respectful, honest, punctual and understand protocols.
- Proven attributes of transparency, integrity and teamwork.
Advert Closing Date: 24/11/2024
Candidates who meet the minimum requirements are invited to apply for the advertised position. Remuneration will be commensurate with the level of the position the incumbent is applying for.
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